Can I retire at age 64 with 651,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$53,759$53,280$52,813$52,357$51,912$51,327
2 years$26,613$26,118$25,637$25,172$24,720$24,131
3 years$17,566$17,068$16,589$16,128$15,683$15,109
4 years$13,043$12,547$12,073$11,619$11,185$10,630
5 years$10,330$9,837$9,369$8,925$8,503$7,968
6 years$8,522$8,033$7,571$7,137$6,728$6,214
7 years$7,231$6,746$6,292$5,868$5,472$4,979
8 years$6,263$5,782$5,336$4,922$4,539$4,068
9 years$5,511$5,035$4,596$4,193$3,823$3,372
10 years$4,910$4,438$4,007$3,614$3,257$2,827
11 years$4,418$3,951$3,528$3,145$2,801$2,392
12 years$4,008$3,546$3,131$2,759$2,428$2,038
13 years$3,662$3,204$2,797$2,436$2,117$1,747
14 years$3,365$2,913$2,513$2,162$1,856$1,505
15 years$3,109$2,661$2,269$1,928$1,634$1,301
16 years$2,884$2,441$2,057$1,727$1,444$1,129
17 years$2,686$2,248$1,872$1,551$1,280$983
18 years$2,511$2,078$1,709$1,398$1,138$857
19 years$2,354$1,925$1,564$1,263$1,015$750
20 years$2,213$1,789$1,436$1,144$906$657
21 years$2,085$1,667$1,321$1,038$811$576
22 years$1,969$1,556$1,217$944$727$506
23 years$1,864$1,455$1,124$860$653$445
24 years$1,767$1,363$1,039$784$587$392
25 years$1,678$1,279$963$716$528$346
26 years$1,597$1,202$893$655$475$305
27 years$1,521$1,132$829$599$429$269
28 years$1,451$1,066$771$549$387$238
29 years$1,386$1,006$717$504$349$210
30 years$1,325$950$668$462$316$186
31 years$1,269$898$623$424$285$164
32 years$1,216$850$581$390$258$145
33 years$1,166$805$543$359$234$129
34 years$1,119$763$507$330$211$114
35 years$1,075$723$474$304$192$101
36 years$1,034$687$443$280$174$89
37 years$995$652$415$258$157$79
38 years$958$620$389$238$143$70
39 years$923$589$364$219$129$62
40 years$890$561$341$202$117$55
41 years$859$534$320$186$106$49
42 years$829$508$300$172$97$43
43 years$800$484$282$159$88$38
44 years$773$462$264$147$80$34
45 years$748$440$248$135$72$30
46 years$723$420$233$125$66$27
47 years$700$401$219$116$60$24
48 years$677$383$206$107$54$21
49 years$656$365$193$99$49$19
50 years$636$349$182$91$45$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $651,000, adding $4,428 every year, while hoping to spend $43,420 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 78/10/12 Blend
63$651,000$651,000$651,000$651,000
64$721,969$687,466$677,376$776,295
65$749,412$674,954$653,870$800,148
66$778,198$660,373$628,120$820,297
67$808,419$643,576$600,008$841,158
68$840,175$624,408$569,404$862,785
69$873,572$602,704$536,179$885,236
70$908,729$578,288$500,193$908,577
71$945,772$550,977$461,302$932,880
72$984,840$520,575$419,356$958,225
73$1,026,086$486,875$374,196$984,702
74$1,069,673$449,658$325,658$1,012,410
75$1,115,783$408,694$273,571$1,041,457
76$1,164,611$363,739$217,754$1,071,965
77$1,216,373$314,534$158,020$1,104,069
78$1,271,303$260,806$94,174$1,137,917
79$1,329,659$202,268$26,011$1,173,675
80$1,391,720$138,615$0$1,211,527
81$1,457,793$69,525$0$1,257,657
82$1,528,217$0$0$1,310,252
83$1,603,357$0$0$1,366,843
84$1,683,619$0$0$1,435,476
85$1,769,444$0$0$1,508,879
86$1,861,318$0$0$1,587,470
87$1,959,771$0$0$1,671,705
88$2,065,388$0$0$1,762,084
89$2,178,807$0$0$1,859,158
90$2,300,732$0$0$1,963,529
91$2,431,933$0$0$2,075,861
92$2,573,258$0$0$2,196,880
93$2,725,636$0$0$2,327,386
94$2,890,088$0$0$2,468,255
95$3,067,736$0$0$2,620,452
96$3,259,816$0$0$2,785,038
97$3,467,681$0$0$2,963,176
98$3,692,822$0$0$3,156,147
99$3,936,878$0$0$3,365,359
100$4,201,651$0$0$3,592,360